Senior Manager

Job Description

Transaction Reporting Operations are responsible for ensuring the completeness, accuracy and timeliness of the Bank s transaction reporting obligations across multiple global regulatory jurisdictions.

In response to client need and expectation, BofAML offers a delegated transaction reporting service to a select set of clients to enable them to meet their regulatory reporting obligations under the European Market Infrastructure Regulation (EMIR) and new regulation SFTR. An exciting opportunity has arisen to be a member of a new regulatory operations team supporting the EMIR delegated reporting service. The role currently sits within the Transaction reporting operations team and has a combination of Regulatory, Client Service and Control elements to it. The role offers great exposure to internal products, systems, and front to back functions, as incoming queries and requests often require interaction with Sales, Trading, Technology and Operations. Successful candidates will have the opportunity to be part of a new team and input into the design and implementation of a high caliber support model for the Delegated Reporting offering. Over the course of the last 18 months the team has consumed changes to the EMIR regulation as well as taking ownership of ASIC single sided & MiFID Assisted Reporting. An ever changing regulatory landscape offers candidates the opportunity for changing roles & responsibilities.

Job Description

Transaction Reporting Operations are responsible for ensuring the completeness, accuracy and timeliness of the Bank s transaction reporting obligations across multiple global regulatory jurisdictions. As part of Delegated reporting team the incumbent will work on client queries and in the process will interact with different function front to back in the bank. This also includes ensuring delegated reporting is complete, accurate and tuimely.

Responsibilities:

The below tasks form part of the daily processing across the Transaction Reporting Operations team.

Pre and Post submissions exception handling Analysis, interpretation, escalation and logging of Transaction Reporting operational control issues Generation and interpretation of supporting metrics for TRO Tracking and Reporting Operation Control issues, gaps and overall status Reconcile the trading events between FO and Regulators to ensure there is no over - reporting or under - reporting Quality assurance checks

We are in the process to set up Client Delegated reporting team and below are the responsibilities of the Client Delegated Reporting Team:

• Act as a lead for Delegated reporting team (4 - 5 members) from India.
• Provides programproject leadership to business unit, operations and technology partners.
• On boarding, Query Management and Assurance Reporting.
• Issuance of Client Delegated Reporting packs to clients, On - boarding and Off - boarding of clients and tracking of current status.
• Log, monitor and answer queries from internal and external clients.
• Log, monitor and answer queries from regulators.
• Monitor and track open issues through to resolution.
• Initiate back loading requests and update requests.
• Production and distribution of daily metrics on reporting, on boarding, client queries and issues.
• Input into design and build of ongoing quality assurance to confirm completeness, accuracy and timeliness of reporting.
• Seek to identify and provide solutions to process improve tasks and service provided.
• Project ownership Owning both short & long term projects in relation to new regulations.
• Assisting with the delivery of multiple technology platforms.
• Looking for opportunities to provide ever improving service to our increasing client base.

• Requirements

  • Education: MBA
  • Experience Range: 10+ years of overall experience

Keyskills :
finance sales ltd mis accountancy riskmanagement unitoperations assetmanagement querymanagement qualityassurance businessservices talentacquisition operationalcontrol regulatoryreporting regulatoryoperations clientservice set risk sits